Lookout raises $150 million in financing

Share this article:

Mobile security vendor Lookout has raised $150 million from a group of prominent investors to grow its security platform out to large enterprises.

The company's Whole Population Security Analytics process uses a predictive model to identify and thwart malicious activity before it has an effect on a company or individual. 

Lookout has more than 50 million users, all consumers, to date and has formed strategic relationships with many of the top mobile providers. The financing effort was led by T. Rowe Price Associates and includes investors Goldman Sachs, Morgan Stanley Investment Management and others.

Lookout CEO Jim Dolce said in a press release that “with this new funding and our expanding footprint of consumer users, Lookout is best equipped to deliver the solutions large enterprises need to protect their businesses from increasingly sophisticated threats targeting mobile devices.”

Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS

More in News

Adobe exploit used to spread Dyre credential stealer

Adobe exploit used to spread Dyre credential stealer

Users running vulnerable Adobe software could be in danger of having credentials for Bitcoin websites stolen.

Staples is investigating a potential issue involving credit card data

Staples is investigating a potential issue involving credit ...

The company said it is investigating a potential issue involving credit card data and that customers are not responsible for fraudulent activity on cards if an issue is discovered.

Skills set a priority over legacy prejudices, experts say

Skills set a priority over legacy prejudices, experts ...

Cybersecurity expert Winn Schwartau and Robert Clark, a cyber law attorney at the Army Cyber Institute, discussed issues around hiring in the information security industry.